Title: Aerospace & Defense Brake Market share research by applications and regions for 2017-2024
1Aerospace Defense Brake Market Price, Trends,
Industry Outlook Forecast 2017-2024
2Key Insights from Aerospace Defense Brake
Market
- Fluctuation in fuel prices coupled with increase
in demand of fuel efficient aircrafts will drive
the demand for light weight high strength
aircraft components including brakes. Industry
players focusses on reducing operational
maintenance cost to enhance air passenger
experience without compromising on safety
security of passengers. - Aerospace defense brake are high engineered
products compared to conventional counterparts
offering enhanced technological high-quality
material with high strength relatively.
Technologically advanced products provide
enhanced performance than conventional
alternatives which in turn will support the
industry growth. - Regular maintenance servicing required to
ensure proper functional of critical components
like braking landing system possess growth
opportunities for OEMs and maintenance, repair
overhaul (MRO) service providers.
3Continued...
- Based on aircraft type, aircraft defense brake
market can be segmented such as commercial
aircraft, regional aircraft, general aircraft and
military aircraft. Commercial aircraft holds
major market owing to rising demand for
commercial aircrafts globally. Average
commercial aircraft transports more than 3
trillion air passengers yearly require regular
maintenance and replacement of crucial components
such as brakes. - Based on material, industry can be categorized in
to carbon and steel brake. Carbon brakes market
will expand owing to its superiority in
performance over other brakes. Also, carbon
brakes are 40 lighter than conventional brakes. - Based on user, the industry is categorized in to
original equipment manufacturers (OEMs) and
maintenance, repair overhaul (MRO) service
providers. OEMs and integrators require brakes as
these are responsible for delivering aircraft
with complete installation to the airline
operators.
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5Major Companies in Aerospace Defense Brake
Market
- Honeywell, Safran
- UTC Aerospace System
- Megitt Aircraft Braking System
- Parker Hannifin corporation
- Crane Aerospace Electronics
- Lufthansa Technik AG
- Matco manufacturing
- Nasco Brake system
- Crane Aerospace
6Regional Insights in Aerospace Defense Brake
Market
- North America will witness high growth during the
forecast timeframe due to presence of several
manufacturers in the region. Moreover, presence
of end-user of the product such as Boeing will
support the aerospace and defense brake market
demand. High airline passenger density will boost
the demand for aircrafts thereby stimulating
aerospace and defense brake market. - Asia Pacific will acquire significant share owing
to increasing aircraft manufacturing industry.
Strong product outlook offering superior strength
and temperature resistance properties will boost
the regional industry growth.
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